Overview
US specialty activated carbon firm's Q1 revenue rose 32% yr/yr on water and air business growth
Adjusted EBITDA loss for Q1 narrowed to $1.0 mln from $1.2 mln a year ago
Company launched SEA-IX nuclear-grade resin line, began $78 mln patent judgment collection efforts
Outlook
Company expects continued expansion in water business over the next several months
Result Drivers
WATER TREATMENT GROWTH - Co said Q1 revenue increase was primarily due to growth in water treatment revenue, including launch of SEA-IX nuclear-grade ion exchange resin line
AIR BUSINESS - Co said increased revenue from air business contributed to Q1 revenue growth
LICENSING REVENUE DECLINE - Q1 revenue growth partially offset by absence of prior-year one-time licensing fee
Company press release: ID:nGNX3Fcvw0
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$4.20 mln
$3.80 mln (1 Analyst)
Q1 Adjusted EBITDA
Miss
-$994,000
-$900,000 (1 Analyst)
Analyst Coverage
The one available analyst rating on the shares is "buy"
NOT AVAILABLE
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)